Bitcoin
$BTC Price Dips 5% Amid ETF Outflows 🚨
Bitcoin's price is currently trading at $96,633, reflecting a 5% decline over the past 24 hours. The 24-hour price range saw a low of $96,121 and a high of $102,017.
ETF Outflows Add Selling Pressure:
According to SoSo Value data, Bitcoin ETFs recorded a significant outflow of $543 million in the last day.
Ark & 21Shares: Sold $212 million worth of ETFs.
Grayscale: Offloaded $125 million worth.
Bitwise: Liquidated $113 million worth of Bitcoin ETFs.
The outflows reflect bearish sentiment among institutional investors, contributing to the downward